Short Interest in Invesco High Income 2023 Target Term Fund (NYSE:IHIT) Drops By 77.4%

Invesco High Income 2023 Target Term Fund (NYSE:IHIT) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 1,400 shares, a decline of 77.4% from the September 15th total of 6,200 shares. Based on an average trading volume of 37,900 shares, the short-interest ratio is currently 0.0 days.

Invesco High Income 2023 Target Term Fund stock traded up $0.02 during midday trading on Thursday, hitting $9.91. 18,940 shares of the company were exchanged, compared to its average volume of 56,695. The company’s fifty day moving average price is $9.80 and its 200-day moving average price is $9.67. Invesco High Income 2023 Target Term Fund has a fifty-two week low of $7.54 and a fifty-two week high of $10.05.

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, October 14th will be paid a dividend of $0.044 per share. The ex-dividend date of this dividend is Wednesday, October 13th. This represents a $0.53 dividend on an annualized basis and a yield of 5.33%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco High Income 2023 Target Term Fund by 100.5% in the second quarter. Rockefeller Capital Management L.P. now owns 3,021 shares of the company’s stock valued at $29,000 after buying an additional 1,514 shares during the period. Royal Bank of Canada increased its position in Invesco High Income 2023 Target Term Fund by 106.3% in the 1st quarter. Royal Bank of Canada now owns 10,313 shares of the company’s stock worth $95,000 after purchasing an additional 5,313 shares during the last quarter. Wells Fargo & Company MN increased its position in Invesco High Income 2023 Target Term Fund by 1.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,017,374 shares of the company’s stock worth $9,919,000 after purchasing an additional 13,174 shares during the last quarter. National Asset Management Inc. acquired a new position in Invesco High Income 2023 Target Term Fund in the 2nd quarter worth about $195,000. Finally, Bank of America Corp DE increased its position in Invesco High Income 2023 Target Term Fund by 9.8% in the 2nd quarter. Bank of America Corp DE now owns 462,713 shares of the company’s stock worth $4,511,000 after purchasing an additional 41,146 shares during the last quarter.

About Invesco High Income 2023 Target Term Fund

Invesco High Income 2023 Target Term Fund is a closed ended fixed income mutual fund launched and managed by Invesco Advisers, Inc The fund invests in fixed income markets of the United States. It also invests in real estate debt securities including commercial mortgage-backed securities. The fund employs fundamental analysis with bottom-up approach to create its portfolio.

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